GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 13,572,206 shares, a decrease of 34.1% from the July 30th total of 20,606,034 shares. Based on an average trading volume of 13,735,219 shares, the days-to-cover ratio is presently 1.0 days. Approximately 12.2% of the company’s shares are short sold.
Institutional Trading of GraniteShares 2x Long NVDA Daily ETF
Several hedge funds have recently bought and sold shares of NVDL. Goldman Sachs Group Inc. bought a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at approximately $30,804,000. Corient Private Wealth LP bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $2,777,000. Renaissance Technologies LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter worth $5,907,000. Corient Private Wealth LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $1,831,000. Finally, Harvest Fund Management Co. Ltd lifted its position in GraniteShares 2x Long NVDA Daily ETF by 105.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock valued at $3,622,000 after acquiring an additional 21,073 shares in the last quarter.
GraniteShares 2x Long NVDA Daily ETF Stock Up 6.3%
NASDAQ NVDL opened at $35.83 on Thursday. GraniteShares 2x Long NVDA Daily ETF has a one year low of $21.54 and a one year high of $43.27. The stock’s 50-day moving average is $32.07 and its 200-day moving average is $31.22.
GraniteShares 2x Long NVDA Daily ETF Company Profile
The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.
See Also
- Five stocks we like better than GraniteShares 2x Long NVDA Daily ETF
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for GraniteShares 2x Long NVDA Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long NVDA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
